3312 Evelyn Avenue, Rosemead, California 91770, Rosemead, 91770 - bed, bath
ACTIVE$1,280,000
3312 Evelyn Avenue, Rosemead, California 91770
0Bed
0Bath
2,898Sqft
9,573Lot
Year Built
1915
Close
-
List price
$1.28M
Original List price
$1.49M
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
CV25045903
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.28M(50th), sqft - 2898(82th), beds - undefined(50th), baths - undefined(50th).
Back on the Market. Location! Location! Location! Great Income Property for Investment. This Triplex has separate addresses (3312, 3314 and 3314 1/2). Property is well maintained with great tenants. Property is fully occupied and is easy to rent out if vacant. Each Unit includes one car garage with a shared driveway. Close to Store, Restaurants, School, park and Freeway 10.
Condition Rating
Poor
Built in 1915, this property features significantly outdated kitchens with old cabinets, laminate/tile countertops, and dated appliances (excluding one newer refrigerator). The flooring consists of old vinyl and tile. While occupied and described as 'well maintained,' the property's age and the extent of the outdated features in critical areas like the kitchens suggest a need for substantial rehabilitation and likely major system upgrades (plumbing, electrical, HVAC) to meet modern standards. The condition goes beyond minor updates, aligning with the 'poor' category.
Pros & Cons
Pros
Income-Generating Triplex: This property is a triplex with separate addresses, explicitly marketed as a 'Great Income Property for Investment,' offering multiple revenue streams.
High Occupancy & Rentability: The property is 'fully occupied' with 'great tenants' and is noted as 'easy to rent out if vacant,' indicating strong demand and stable income potential.
Prime Location: Its location is highly convenient, being 'Close to Store, Restaurants, School, park and Freeway 10,' enhancing tenant appeal and property value.
Individual Garages: Each unit benefits from its own 'one car garage,' a valuable amenity that adds convenience and desirability for tenants.
Well-Maintained Condition: The property is described as 'well maintained,' suggesting good upkeep and potentially lower immediate repair costs for a new owner.
Cons
Historic Property Age: Built in 1915, the property's age may imply older infrastructure, potential for higher maintenance costs, or the need for significant system updates.
Price Adjustment History: A significant reduction from the original list price ($1.488M to $1.28M) could indicate previous overpricing or market challenges in securing a buyer.
Shared Driveway: The presence of a 'shared driveway' for multiple units may lead to potential tenant inconvenience or disputes over access and parking.